With the right partner, everything’s possible.
They say it takes a village to raise a child. But it also takes a village, plus thousands and thousands of dollars, to care for the sick and disabled.
Which is why Sokol Eisenberg Insurance is committed to protecting assets from the escalating costs of long term care necessitated by illness or injury.
Together we construct a proactive, protective plan to ensure the security of hard-earned assets for future generations of families.
When it comes to creating a Long-Term Care plan, we partner with:
It’s a fact: More than 70% of married people over age 65 will need long term care at home or in a nursing facility.
Add in limited Medicare benefits and astronomically high long term care costs, and your potential financial and physical future looks dismal at best, catastrophic at worst.
That’s why many people age 55 and older purchase long term care insurance—to protect themselves from financial hardship due to illness or injury.
Unlike traditional, medically underwritten long term care insurance, we offer unique asset protection solutions that guarantee your premiums will never increase. And, should you be one of the lucky few that doesn’t need care, unused benefits are passed on to your beneficiaries.
We work with financially savvy individuals across the country, creating asset protection plans that provide for future long term care needs and protect their current lifestyle.
A single illness or injury can wipe out a lifetime of asset accumulation and wealth building. So protecting and maximizing personal wealth is essential.
As long term care planning specialists, we’re dedicated to providing personal, education-based service and working in concert with you and your team to create a total plan of protection for your clients’ estates.
We’re not talking about your run-of-the-mill, traditional Long Term Care Insurance policies, the ones that only do one thing (pay a benefit should you go on claim). We recommend solutions that provide a benefit should you “Quit, Live or Die.”
Our estate planning attorney partners appreciate that we help them shore up and round out their clients’ estate plans. Clients are grateful for the additional financial control our asset based long term care solutions provide.
Do you have clients with significant amounts of qualified funds? We both know that qualified money cannot be protected from potential long term care expenses. Let us show you how we can use qualified assets, such as an IRA, 401k or 403b, to fund a long term care solution that covers both husband and wife with one plan. And when the client turns 70 1/2, the asset used to fund the plan will also satisfy a portion of the Required Minimum Distribution.
Period of restricted coverage, fraudulent conveyance, the look back period and other ever-changing eligibility rules make Medicaid a complex beast.
Yet many of America’s elderly are counting on Medicaid to pay for their long term care needs.
But what if your clients didn’t purchase a long term care policy when age and health were on their side?
What if they didn’t have to exhaust their assets, change their lifestyle or lose their income stream?
More importantly, what if you could help protect their remaining assets while maximizing their resources?
We partner with elder law attorneys like you to help your clients understand their options—including Medicaid Compliant Annuities that help protect against the depletion of an entire estate.
The numbers don’t lie: 70% of married Baby Boomers will require some type of long term care. As if that weren’t enough, costs for all that care are escalating at near double-digit rates.
While “use it or lose it” long term care insurance has its place, those with a sizeable nest egg and affluent lifestyle have different risks when it comes to deciding what type of protection they need.
Traditional long term care insurance is wracked by inflation and premium increases that can deplete cash reserves.
There is a better solution, however, for those who have assets to protect and cash savings to use for a policy’s premium. It’s called asset based long term care.
Using either qualified or non-qualified funds, your clients can grow and protect their assets with a trustee to trustee transfer—without penalties and with a guaranteed premium paid in equal installments.
We know the ins and outs of asset based long term care solutions that would also help your clients satisfy their required minimum distribution (RMD).
We partner with certified public accountants (CPAs) like you to help you and your clients understand the benefits of long term care solutions that protect assets for life.
If you’re an insurance agent, your job is to make your policyholders’ lives as worry free as possible.
And doing so requires helping them understand how and why to protect their assets from potential loss.
In fact, educating customers may be the most important service you provide. Which is why our own mantra is “Educate. Educate. Educate.”
As experts in Long-Term Care planning, we partner with insurance agents throughout the country and provide the expertise that they may not have in this ever so changing market. Is Property & Casualty or Health & Life your specialty? Have us create a Long-Term Care plan for your clients and we’ll split all commissions in half with you for any solutions that we recommend and put in place (assuming you are a licensed agent).
Talk to us about your LTC needs or those of your clients.